Survey of Business Owners

By Alex Ackerman, Rudy Duran, and Daniel Soria

Background

  • Conducted by US Census Analysis
  • 82 Question Survey
  • Economic and demographic data
  • 2007 data
  • Focus is on single business owners

Data Analysis Overview

  • Age Analysis
  • Hours Worked
  • Gender
  • Race
  • Education
  • Industry
  • Geography

Age of Business Owners

Ages and Hours Worked

Business Acquired Over Time (Gender)

Women’s Business Ownership Act of 1988

  • WBOA Act passed in 1988 SBO Owners
  • Allowed women to obtain business loans
  • Before the act, women were required to have a male co-signer
  • Forbes article

Race of Business Owners

SBO Owners

Race of Business Owners (Hispanic)

SBO Owners

Education of Business Owners (White)

Education of Business Owners (Hispanic)

Education of Business Owners (Black)

Education of Business Owners (Asian)

Industry (White)

Industry (Hispanic)

Industry (Black)

Industry (Asian)

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Summary

  • 67% Business owners 45 years or older
  • Hours Worked: 40 hours or more
  • Female owned businesses increased from 15% to 40% before 1980 through 2007
  • 40% Hispanic business owners reported high school education or less
  • 55% Asian business owners reported Bachelor’s degree or higher
  • Most prominent industries:
    • Professional Services
    • Construction
    • Other Services
    • Retail Trade